The accounts are out! (1 Viewer)

[grego_gee]

In a nutshell,
"The loss of £6.7m for the year, compared with 3.1m in 2010 largely reflects a significantly lower profit on disposal of player registrations"

imp:

 

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[Sky Blues]

Ouch. Fisher wasn't lying when he said the club was losing £500,000 a month. But I can't understand how we can be losing that much money given the decreasing wage bill. Do the accounts give any indication?

 

[Desperados]

Is there a breakdown of the £6.7m?

 

[Otis]

0.7m players wages, 6m Ken Dulieu's tan spray cans.

 

[Sub]

dont forget his flights here from portugal and staying at coombe abbey hotel :jerkit::jerkit::jerkit:

 

[stupot07]

I really don't understand how we're still managing to lose so much money,although baring in mind that these figure will april 2010-march 2011 but still the telegraph estimated that wage bill in 2010-11 season was about £8-£8.5m, even with the rent that's £9.2-9.7m. And income must be around £8-9m inc ticket sales, PL money, Sponsorship, tv rights, etc. I know there are other costs but £6m of them?

 

[Brighton Sky Blue]

I've just downloaded them from Companies House and am having a skim through them now.

 

[Brighton Sky Blue]

Quick breakdown: Turnover £4.5 million. Direct operating costs: £1.5 million. Administrative expenses: £12 million (up £9 million from 2010!). Total loss: £9.2 million Losses for 2010 were £110k. What the hell has the extra £9 million come from?!

 

[jwoodall]

I've just downloaded them from Companies House and am having a skim through them now.

do u have the link to download them

 

[ccfcway]

Quick breakdown: Turnover £4.5 million. Direct operating costs: £1.5 million. Administrative expenses: £12 million (up £9 million from 2010!). Total loss: £9.2 million Losses for 2010 were £110k. What the hell has the extra £9 million come from?!

The plot thickens

 

[Sub]

Quick breakdown: Turnover £4.5 million. Direct operating costs: £1.5 million. Administrative expenses: £12 million (up £9 million from 2010!). Total loss: £9.2 million Losses for 2010 were £110k. What the hell has the extra £9 million come from?!

Administrative expenses = setting all these other mickey mouse companies up to make out we are losing money when all they are doing is offsetting losses from other companies against CCFC. IMHO

 

[Brighton Sky Blue]

I should add these are from the accounts for CCFC Holdings.

 

[Brighton Sky Blue]

do u have the link to download them

Just search on CH-costs a quid to download.

 

[skyblueman]

Basket case!!!!

 

[Ashdown]

They really are utter devious scum, in truth it appears as we all suspected they are clearing everything out the back door.

 

[Brighton Sky Blue]

The Holding company nearly broke even in 2010 then loses £9 million the next year. Turnover slightly up, operating costs the same, but 'administrative expenses' up £9 million. When I get further through the accounts maybe that's explained...

 

[SkyBlueScottie]

The Holding company nearly broke even in 2010 then loses £9 million the next year. Turnover slightly up, operating costs the same, but 'administrative expenses' up £9 million. When I get further through the accounts maybe that's explained...

Thats really not on, I would love to hear their spin....

 

[smouch1975]

Anything further on these 'administrative costs'?

My tip is money out the door to ARVO.
Anybody know what % interest our debts to SISU are?

Directors don't get paid when the don't want tax. But I know Fisher has had enough pocket money to clear out the pie van each smoko

 

[Brighton Sky Blue]

I'd stress again that these numbers were in the accounts for CCFC Holdings. The figures for CCFC Ltd (owned by CCFC Holdings) are explained by OSB in a separate thread. I'm at work so the time I'll get to look isn't much!